Teradyne (NASDAQ:TER) Upgraded at Cantor Fitzgerald

Teradyne (NASDAQ:TER) was upgraded by stock analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a research note issued on Friday, August 16th, Marketbeat reports. The brokerage presently has a $160.00 target price on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 25.51% from the stock’s current price.

TER has been the topic of a number of other reports. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research report on Friday, July 26th. Susquehanna raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, UBS Group raised their price objective on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and a consensus price target of $141.50.

Teradyne Trading Up 1.7 %

NASDAQ:TER traded up $2.11 during mid-day trading on Friday, hitting $127.48. The company had a trading volume of 266,188 shares, compared to its average volume of 2,022,724. The business has a fifty day simple moving average of $135.62 and a 200-day simple moving average of $127.02. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 2.49 and a beta of 1.49. Teradyne has a 1 year low of $81.07 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. As a group, research analysts anticipate that Teradyne will post 3.02 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now owns 16,518 shares in the company, valued at $2,204,987.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,403 shares of company stock valued at $982,631. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently bought and sold shares of TER. International Assets Investment Management LLC raised its stake in shares of Teradyne by 8,125.5% in the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after purchasing an additional 131,470 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Teradyne during the fourth quarter worth approximately $998,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Teradyne by 1.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,932 shares of the company’s stock worth $3,031,000 after purchasing an additional 360 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Teradyne by 5.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,882 shares of the company’s stock worth $1,832,000 after acquiring an additional 802 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Teradyne by 24.3% in the 4th quarter. Federated Hermes Inc. now owns 266,356 shares of the company’s stock valued at $28,905,000 after purchasing an additional 52,056 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.